FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (NYSEARCA:FEDM) Sees Significant Decrease in Short Interest

FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (NYSEARCA:FEDM) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 2,208 shares, a decline of 56.5% from the February 26th total of 5,076 shares. Based on an average daily trading volume, of 3,484 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the company’s shares are sold short.

FlexShares ESG & Climate Developed Markets ex-US Core Index Fund Stock Down 0.8%

FlexShares ESG & Climate Developed Markets ex-US Core Index Fund stock traded down $0.44 during mid-day trading on Friday, hitting $56.37. 153 shares of the stock were exchanged, compared to its average volume of 2,381. The stock has a market capitalization of $71.59 million, a price-to-earnings ratio of 17.40 and a beta of 0.82. FlexShares ESG & Climate Developed Markets ex-US Core Index Fund has a 12 month low of $43.00 and a 12 month high of $64.02. The firm’s fifty day simple moving average is $60.99 and its two-hundred day simple moving average is $59.21.

FlexShares ESG & Climate Developed Markets ex-US Core Index Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Friday, March 20th were issued a dividend of $0.1591 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, March 20th.

About FlexShares ESG & Climate Developed Markets ex-US Core Index Fund

The FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a principles-based index of large-cap companies from the developed markets outside the US that exhibit environmental, social, and corporate governance (ESG) characteristics. FEDM was launched on Sep 20, 2021 and is managed by FlexShares.